For the United States in 2016, a Gini coefficient of 0.415 suggests that: OA. the United States has almost achieved income equality. B. the average household income is $41,500. C. relative to Sweden, Denmark, and Japan, the United States has comparatively high levels of income inequality. OD. 41.5% of US households live in poverty

For the United States in 2016, a Gini coefficient of 0.415 suggests that: OA. the United States has almost achieved income equality. B. the average household income is $41,500. C. relative to Sweden, Denmark, and Japan, the United States has comparatively high levels of income inequality. OD. 41.5% of US households live in poverty

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter15: Poverty And Economic Inequality

Section: Chapter Questions

Problem 1SCQ: Describe how each of these changes is likely to affect poverty and inequality: Incomes rise for...

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